Growing Aspects of Cyber Security in E-Commerce

摘要

The world is witnessing a transition from in-store shopping to online shopping. E-commerce (Electronic commerce) giants such as Amazon, Alibaba, eBay etc. are leading the way towards this change. Much technological advancement are being made to ease the life of mankind with online shopping being the most notable. E-commerce is known to be a powerful instrument for transformation of business that gives companies the opportunity to upgrade their supply chain operations, improve their network, as well as provide better services to both customers and suppliers. Applying the techniques of online shopping that yield such advantages may not be possible without the presence of a well-organized approach to E-commerce security. E-commerce organizations such as Amazon and Alibaba have also been using such techniques to ensure data protection. The most common of them all is the One Time Password (OTP), which is sent to a user when they make payments online for identity verification. On the other hand, Alibaba uses a unique Key Management System (KSM) which is a fully managed service that helps customers create, delete, and manage encryption keys to protect data. This system provides availability, reliability and elasticity alongside security and compliance. The paper also explore the importance of different security algorithms in Ecommerce domain.